What do you expect from your lawyer when thinking about or actually selling your business?

If you are merely thinking about selling your business, an attorney can guide you as to your obligations as articulated in your governing documents. I typically refer sellers to consultants for valuation and guidance in getting the financial statements in shape so that the business will be more desirable. You would also want to know the tax consequences of selling your business.

If a client is actually selling a business, the attorney should be able to prepare all of the documents needed to effectuate the sale, which can include a Stock Sale Agreement or Bulk Sale Agreement, Promissory Note, Personal Guarantees, Security Agreements, Deeds of Trust, UCC1, and other documents. This is should not be deemed to be legal advice and is not specifically directed toward any a particular client.